GBPUSD Discretionary Analysis: Bounce at 1.33Hello traders.
On GBPUSD, I'm watching this 1.33 zone closely. It's where I'll be looking for a reaction. It can be a solid bounce spot if it shows signs.
Discretionary Trading: Where Experience Becomes the Edge
Discretionary trading is all about making decisions based on what you see, what you feel, and what you've learned through experience. Unlike systematic strategies that rely on fixed rules or algorithms, discretionary traders use their judgment to read the market in real time. It's a skill that can't be rushed, because it's built on screen time, pattern recognition, and the ability to stay calm under pressure.
There's no shortcut here. You need to see enough market conditions, wins, and losses to build that intuition—the kind that tells you when to pull the trigger or sit on your hands. Charts might look the same, but context changes everything, and that's something only experience can teach you.
At the end of the day, discretionary trading is an art, refined over time, sharpened through mistakes, and driven by instinct. It's not for everyone, but for those who've put in the work, it can be a powerful way to trade.
GBPUSD
GBPUSD Analysis - Weekly Market Analysis This is my weekly market analysis, specifically for GBPUSD.
I share what I think is going to happen in terms of the PDA Matrix as it pertains to ICT concepts, as well as time considerations such as economic news events.
I hope you find it insightful in your trading.
- R2F Trading
#GBPUSD: Massive Swing Sell Is In Making 1200+ Pips Worth? **FX:GBPUSD Price Analysis**
GBPUSD price has recently experienced an overbought condition, primarily due to the significant decline of the DXY index. This decline can be attributed to the ongoing trade dispute between China and the United States, which has resulted in a drop in the DXY index to its lowest point in the past eighteen months.
Conversely, the GBP has gained strength due to positive economic indicators indicating robust growth in the United Kingdom. This has made the GBP more attractive to investors.
The FX:GBPUSD price is expected to continue its upward trend and potentially reach the 1.35 level. However, it is also possible for the price to reverse its direction from this point.
**Targets:**
If the trade is activated, three targets have been set for the FX:GBPUSD price. These targets can be adjusted based on your own analysis and trading strategy.
We extend our sincere gratitude for your unwavering support and well wishes.
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Team Setupsfx_
#GBPUSD: Two Prominent Buying Points! Will Dxy Bounce Back? Due to strong economic data supporting GBP, its price has been bullish throughout the week, especially since DXY plunged. Given ongoing trade tensions, we may see another higher high. This is risky, so please analyse it yourself.
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Have a great weekend! ❤️
Team Setupsfx_
GBPUSD Analysis 4/18 11:13amI've been analyzing GBP/USD closely over the past few days, and here's where I stand. The daily historical data shows an overall uptrend from around 1.278 on April 9 to roughly 1.328 on April 18. Although the price has been climbing, I've noticed that momentum is starting to taper off, which makes me question whether this rally might be overextended.
On the fundamentals side, a series of high-impact events are coming up. For example, recent UK PMI readings have come in slightly weaker—manufacturing at 44.1 and services at 51—while US indicators like PMIs and housing data have shown mixed results, such as an unusually sharp drop in New Home Sales MoM. These data points suggest both the dollar and the pound are facing headwinds, and they add a layer of uncertainty over the near-term direction.
Technically, I've set up a sell trade at 1.32480 with the current price now at 1.32830. My chart tells me that if the market dives further.
Overall, while the short-term setup shows some bullish energy, the divergence with longer-term daily averages and the mixed fundamental data make me cautious. I'll be watching for a pullback toward those support levels that might validate my bearish stance.
That's it for me for today.. unless something unexpected happens ..
Have a great weekend!
BTW im looking for another pair to trade comment below your recommendations and why! Thanks!
GBPUSD(20250418)Today's AnalysisMarket news:
The European Central Bank cut interest rates by 25 basis points as expected, the seventh rate cut in the past year, and this decision was unanimous.
Technical analysis:
Today's buying and selling boundaries:
1.3246
Support and resistance levels:
1.3316
1.3290
1.3273
1.3219
1.3202
1.3176
Trading strategy:
If the price breaks through 1.3273, consider buying, the first target price is 1.3290
If the price breaks through 1.3246, consider selling, the first target price is 1.3219
GBPUSD SHORT FORECAST Q2 W16 D18 Y25GBPUSD SHORT FORECAST Q2 W16 D18 Y25
Fun Coupon Friday!
Summary
- Weekly order block short set up
- Awaiting clear shift in price action to downside
- C setup - Short from 5' order block with confluence of daily high wick fill prior turn over in price.
- B Setup - 15' break of structure anticipating 15' creation order block creation. Solid point of interest to short from
A Setup - Multiple 15' break of structure plus all of the above
FRGNT X
XAU/USD at a Critical Juncture: Uncovering the Key Levels for ApHere is the technical analysis of the gold/US dollar (XAU/USD) pair on the daily timeframe for today, April 18, 2025, identifying key support and resistance levels based on the latest available data:
⸻
🔹 Current Price:
The price of gold reached an all-time high of $3,357.40 per ounce, driven by growing concerns about tariffs, which Federal Reserve Chairman Jerome Powell described as "much larger" than expected, leading to slower economic growth and higher inflation.
⸻
📊 Technical Analysis (Daily Timeframe):
• Overall trend: Upward, with higher highs and lows, indicating continued positive momentum.
• Moving Averages: The price is trading above all major moving averages, including the 20-day simple moving average at $3,114.60, supporting the uptrend.
• Relative Strength Index (RSI): The RSI remains in the overbought zone, which could indicate a potential short-term price correction.
⸻
🔻 Key Support Levels:
1. $3,317.20 – Immediate support reflecting a previous high.
2. $3,305.65 – Medium-term support.
3. $3,292.80 – Additional support reflecting a previous consolidation zone.
⸻
🔺 Key Resistance Levels:
1. $3,335.00 – Current resistance that was recently tested.
2. $3,350.00 – Important psychological resistance level.
3. $3,375.00 – Potential resistance if the upward momentum continues.
⸻
⚠️ Additional Notes:
• Technical indicators are showing overbought signals, which could lead to a short-term price correction.
• In the event of a correction, the above-mentioned support levels may be potential entry points for investors.
• Upward momentum remains intact, but it is advisable to closely monitor technical indicators to identify appropriate entry and exit points.
GBP_USD WILL GO UP|LONG|
✅GBP_USD already made a
Retest of the horizontal support
Of 1.3200 and is making a bullish
Rebound so as the pair is in the
Uptrend we are bullish biased
And we will be expecting the
Pair to go further up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP/USD: The Bear's Ride Down the TrendAs I assess the GBP/USD market today, I see that the current price is 1.32466, and I’ve taken a sell position at 1.32480, which is moving well. Based on recent fundamentals, technical indicators, and historical weekly data, here’s my full market breakdown:
Fundamentals & Economic Outlook
Recent US economic data has provided mixed signals for the dollar:
Initial & 4-Week Jobless Claims: Came in lower than expected, signaling a stronger labor market, which supports USD strength.
Continuing Jobless Claims: Higher than expected, showing some lingering unemployment pressure.
Housing Starts: Significantly below expectations, hinting at weakness in real estate.
Building Permits: Surpassed expectations, suggesting future construction remains strong.
Looking ahead to next week, key events will shape price action:
UK S&P Global PMIs: If manufacturing and services figures improve, GBP may gain traction.
US PMIs & Home Sales: Expected to trend lower, possibly weakening USD momentum.
UK Retail Sales (Friday): Anticipated to drop significantly, which could weigh on GBP.
US Michigan Consumer Sentiment: Forecasted to decline, potentially putting USD under pressure.
With these fundamental factors, GBP/USD faces mixed conditions—potential volatility ahead.
Momentum readings show caution for bulls:
Short-term (1-minute to 15-minute) indicators suggest mild consolidation.
The 1-hour and daily charts indicate GBP/USD is overextended compared to historical averages.
Weekly and monthly averages are much lower (~1.27047 and 1.23141), signaling the risk of mean reversion.
Trading Strategy & Considerations
Since I’m already in a sell position, I’m watching support levels closely for profit-taking zones.
If price dips near 1.3100, I might secure partial profits before assessing further downside potential.
I’ll keep an eye on daily EMA (~1.25176) as a deeper support that might act as a turning point.
Technical divergences (such as the Accumulation Distribution Oscillator) hint at distribution pressure, reinforcing my bearish bias.
With all this being said, i'm looking for a new pair to dive deep into. What do you recommend and why? Im all ears! also dont hesitate to reach out id love to talk about forex! :) im in the works of creating a youtube page and maybe a X account. Hope to reach some of you there as well.
p.s i love this shit!
GBPUSD Are the Bears back? I closed my previous long trade at 1.32274 after assessing the historical price action, fundamental data, and technical indicators. Now, I’m shifting my focus to waiting for bearish signals before entering a short position.
Key Market Analysis
Fundamental Overview
U.S. Jobless Claims data came in stronger than expected (215K vs. 225K forecast), reinforcing USD strength, which could pressure GBP/USD lower.
Continuing Jobless Claims were higher (1885K vs. 1870K forecast), showing some softness, but overall, labor market data supports a stronger dollar.
Housing Starts dropped sharply (1.324M vs. 1.42M forecast), but Building Permits beat expectations (1.482M vs. 1.45M). This mixed housing data isn’t enough to offset USD’s strength from labor numbers.
Technical Overview
Immediate Resistance: 1.3245 – GBP/USD has struggled to break this level, indicating sellers are defending it.
Major Resistance: 1.3265 – If price breaks above 1.3245, this would be the next selling opportunity before further upside.
Immediate Support: 1.3225 – Holding this level is critical for bulls; failure could accelerate a move downward.
Major Support: 1.3205 – If price falls below 1.3225, this will be the next logical downside target.
My New Trade Plan: Waiting for Bearish Confirmation
Now that I’ve closed my long trade, I’m waiting for a short entry based on the following setup:
Best Bearish Entry: Between 1.32350–1.32450, close to resistance where sellers have been active.
Confirmation Needed: I’ll wait for price rejection near 1.3245, along with weak momentum indicators before entering a short position.
Next Steps
I’ll monitor price action closely to confirm a strong rejection at 1.3245 before entering a short trade.
If GBP/USD pushes above 1.3245 and holds, I’ll wait for a better short entry near 1.3265.
If price breaks below 1.3225, I’ll assess the strength of the downward momentum and potentially enter a trade with 1.3205 as my first target.
At this point, I’m patiently watching the market to ensure I have the strongest bearish setup before committing to a new position.
Gold Intraday Buy Setup from Key Support Zone| Targeting 3333 48This 15-minute chart for XAUUSD shows price reacting from a support zone after a bearish structure break. The market formed a bullish candle at support, hinting at a potential reversal.
Key levels:
- Key Point: 3333 – a crucial resistance to break for bullish continuation.
- 1st Target: 3333 – aligning with the key point, a breakout here would confirm buyer strength.
- 2nd Target: 3348 – next major resistance level.
- All Time High zone is above this level, signaling a potential longer-term bullish push if broken.
The current price action suggests buyers may step in from this support, aiming first for 3333 and then possibly extending to 3348.
Based on the chart setup and price structure:
🟢 Buy Setup (From Support Zone):
- Entry: Around 3318–3315 (current price area)
- Stop Loss (SL): 3305 (just below the support zone to allow some buffer)
- Take Profits (TPs):
- TP1: 3333 (near key point resistance — secure partials here)
- TP2: 3348 (major resistance zone — potential full target)
---
🔐 Risk Management Suggestion:
- Risk-to-reward ratio: ~1:1 for TP1, ~2:1 for TP2
- Once TP1 is hit, consider moving SL to entry to secure the trade.
GBPUSD Set To Fall! SELL!
My dear followers,
This is my opinion on the GBPUSD next move:
The asset is approaching an important pivot point 1.3239
Bias - Bearish
Safe Stop Loss - 1.3308
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.3099
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
GBPUSD at Key Resistance - Time to Sell?OANDA:GBPUSD has reached a key resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again.
The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.30950 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside.
This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
GBP/USD Fundamental Update (17.04.2025)The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 1.3320
2nd Resistance – 1.3369
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Fundamental Market Analysis for April 17, 2025 GBPUSDEvent to pay attention to today:
15:30 EET. USD - Unemployment Claims
GBP/USD broke its seven-day winning streak, slipping to 1.3230 in the Asian session on Thursday after retreating from a six-month high of 1.3292 reached on Wednesday.
The US Dollar Index (DXY) is trading above 99.60 at the time of writing, supported by stronger-than-expected consumer spending data for March. US retail sales rose 1.4% in March, beating February's 0.2% increase and the forecast of 1.3%.
The Pound Sterling (GBP) is under pressure after softer than expected UK Consumer Price Index data for March. Core inflation rose 2.6% year-on-year, lower than the 2.7% expected and February's 2.8% reading. The core consumer price index, which excludes food, energy, alcohol and tobacco, rose 3.4% - in line with forecasts but slightly lower than the 3.5% previously. The monthly core CPI rose 0.3%, falling short of forecasts and the previous reading of 0.4%.
Notably, services inflation - a key indicator for the Bank of England (BoE) - fell to 4.7% from 5.0%, reinforcing expectations of a potential rate cut at the Bank of England's May meeting.
Trading recommendation: SELL 1.3190, SL 1.3280, TP 1.3010
GBPUSD(20250417)Today's AnalysisMarket news:
U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year.
Technical analysis:
Today's buying and selling boundaries:
1.3214
Support and resistance levels:
1.3301
1.3268
1.3247
1.3180
1.3159
1.3127
Trading strategy:
If the price breaks through 1.3247, consider buying, with the first target price of 1.3268
If the price breaks through 1.3214, consider selling, with the first target price of 1.3180
GBP-USD Free Signal! Buy!
Hello,Traders!
GBP-USD is trading in an
Uptrend and the pair is
About to retest a horizontal
Support level of 1.3181
From where we will be
Expecting a local rebound
As we are locally bullish biased
So we can enter a long trade
With the Take Profit of 1.3290
And the Stop Loss of 1.3147
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPUSD H4 | Bullish Bounce Off 23.6% FiboBased on the H4 chart analysis, the price is approaching our buy entry level at 1.3163, a pullback support that aligns with the 23.6% Fibonacci retracement.
Our take profit is set at 1.3348, aligning with the 127.2% Fibo extension
The stop loss is placed at 1.3015, a pullback support that aligns close to the 38.2% Fibonacci retracement.
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GBPUSD, still going long. Analysis 4/16 10:06pm I entered long at 1.32274, and as of April 16, 2025, at 10:00 PM, GBP/USD is trading at 1.32150, meaning I’m currently down 12.4 pips.
Trade Analysis
GBP/USD broke below 1.3225, which was acting as a support level earlier.
Bearish momentum has increased, but the next key support at 1.3205 might offer buyers a chance to defend the price.
The pair failed to push above 1.3245 resistance, meaning sellers are still in control at this stage.
Technical Indicators
RSI is near 31.90, suggesting the pair is close to oversold conditions and might attempt a bounce.
Stochastic RSI at 15.29 confirms that downward pressure is slowing, but no clear reversal is seen yet.
MACD remains negative, reinforcing weak momentum unless buyers step in soon.
Upcoming Market Events
Tomorrow’s U.S. Jobless Claims & Housing Data at 8:30 AM could impact GBP/USD significantly.
If jobless claims rise and housing numbers disappoint, USD may weaken, helping my trade recover.
If jobless claims remain low and housing holds up, USD could strengthen, pushing GBP/USD lower.
Trade Decision: Hold or Close?
Reasons to Hold:
GBP/USD is near key support at 1.3205, which could trigger a bounce.
Indicators show oversold conditions, meaning buyers might step in soon.
A recovery above 1.3225 could bring price back toward 1.3245–1.3265.
Reasons to Close:
Breaking below 1.3205 could lead to further downside, possibly toward 1.3173.
Momentum still favors USD, which could keep GBP/USD pressured.
Failure to reclaim 1.3225 soon may signal continued weakness.
Final Thoughts
I’m closely watching 1.3205—if GBP/USD finds support there, I may hold the trade. If price keeps dropping, I’ll consider exiting to minimize losses. The next 10 hours will be critical with major U.S. economic data coming up, so I’ll adjust my strategy accordingly.